FTSE lacks enthusiasm for new UK economy growth figure of 4.8% as Covid restrictions ease

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The FTSE 100 opened lower even though the UK economy rose by 4.8% in the second quarter as businesses reopened after months of lockdown. London’s leading index slid 15 points to 7,205 in early trading. () () expects strong trading in the coming months as people want entertainment out of their homes. The cinema operator has reopened most of its estate in the US and the UK. () () has seen signs of pent-up demand when restrictions were eased but total summer bookings are still well below 2019 levels. It’s focusing on destinations that are doing well in terms of vaccine rollout and hospitalisation rates, such as the Balearics, Canaries and Greek islands. () () is planning to spent £500mln over the next five years to expand warehouse space and improve its technology. The fast fashion retailer plans to hire 5,000 new staff to handle growing demand for its brands. Among the small caps, () () has struck a farm-out deal with () for five licences in the Southern North Se
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